USD/JPY Discussion

at 113.90.. the pair is a bargain.. buying some more.... once schaff reaches zero.. there's only one way out but up.. it will reach zero in 30 min. hopefully it'll turn before that...

Money is guaranteed at selling short on the EUR USD.. right now.. just reentered channel at schaff 100.

entering short at 1.3782... t/p 1.3767

if you look at the above chart.. you'll see that the pair broke the channel 3 times.. and once it went back in.. it retraced at least 0.0010 which is around 2% ROI.. not bad.. huh?

congrats you have just made those pips ! :

i'm telling you ... this WORKS!!.. check out the GBP just now... again.... eur and gbp had a better chance of retracement because of the schaff levels.. should have gotten in with gbp but was too concentrated on the YEN..

i'm about to reach my EurUsd target.. by the way.

one more thing.. if you look at the left part of the chart above.. you'll see a channel break but the schaff level is not at zero.. it actually went down after reentry..

i was kinda trigger happy at 114.00 knowing that i should have waited the schaff to reach zero before making my move... oh well.. i'm still holding for the bounce..


not holding anymore.. touched my S/L... i knew the schaff level had to be at zero when reentering the channel but i still went through with the buy.. oh well.. "another" learning experience...

personally, right now, i'm glad i didn't buy

Panic + frantic selling for the last 20mins.
Shorted at 113.95 (albeit my demo account, coz I'm testing new indicators)
Should start to settle down a bit...

are we looking at 113.20 or even 113.10 ?
113.00 i don't think is likely, today anyway, it's too much of a psychological limit in my opinion

Just no strength to push.
Hmmm... no longs for now..

Still Holding short from 114.97 .. SL set @ 113.61 locked profit. Tp moved to 112.51 but will close out before the end of the day.

well it fell below 113.20. 113.10 is a very likely target to be triggered today

good one LUCKY.. you made tons today..

is it to late to close longs now. Small part of account but has large draw down. Not anywhere close to Margin call.

Should I just hang in for the little interest and look to get out on a retrace that should come ...thought it would be today but looks more like next week now....?????????

thanks

Made this play on Thursday as Wednesdays data gave the signal for a very weak nfp.

1Min chart turned up and have to hold the 113.30 to have a chance for more push. 3min chart turned up too, need to hold 113.20 for further push.

Overall trend is still way down...of coz.

The current retracement didn't fool me. But Do u really think it's going as far as 112.51 . Ok now it's moving up a bit, do u think it will consolidate first b4 continuing?

You may get lucky and break even with longs. BUT it's going down. I guarantee it. If you can, you can hold it for another couple weeks when price MAY get there again. I Don't know where your long is though.

I beg to differ.
30min 1hr charts point at a uptrend.
williams and stoch also point at heavily oversold.

I believe we are done for the day on short.

Thats just my 2pip opinion.

Stopped out for locked profit. Looks like range 113.80 - 113.10 till Monday. I could be wrong. Regardless I'm out till next week. Have a nice weekend folks.